NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Large Drop in Short Interest

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 20,340 shares, a decrease of 44.6% from the August 31st total of 36,741 shares. Based on an average daily trading volume, of 46,588 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup restated a “neutral” rating on shares of NN Group in a report on Tuesday, September 1st. Zacks Research upgraded NN Group to a “hold” rating in a report on Friday, August 14th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

NN Group Stock Down 1.7%

Shares of NNGRY traded down $0.76 during trading hours on Wednesday, hitting $44.20. The stock had a trading volume of 14,475 shares, compared to its average volume of 67,881. NN Group has a 1-year low of $33.83 and a 1-year high of $48.79. The firm has a 50 day simple moving average of $45.70 and a 200-day simple moving average of $43.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 137.28 and a current ratio of 137.28.

About NN Group

NN Group N.V. is a Netherlands-based financial services company headquartered in The Hague. Through its subsidiaries, the group provides insurance, retirement, pensions, banking and investment-related products and services to individuals, businesses and institutional customers.

Its insurance activities include life insurance, pensions, income protection, health and property and casualty insurance. In the Netherlands, NN Group also offers banking products such as mortgages, savings and consumer loans.